Under valued, page-875

Worth remembering the NYSE is full of loss making companies that if interest rates go to normal levels will lose 80 percent or more of their market cap. How much will a multi billion compny like Rivian be worth with no earnings and trying to sell a 150k truck into a stagflation environment. Or their BNPL companies like affirm whose whole business model blows up in a normal rate environment as their access to capital becomes too expensive. There are probably billions or trillions of dollars tied up in these companies that will go bankrupt in a normal rate environment. Not to mention the coming outflows from bitcoin. It is theorised that if 42 k isn’t held as support then 50 percent of holders will be underwater. What will these holders do when their paper gains become part losses. All of this capital will have to find a home as cash will be no good as inflation the US is just getting started. IMO gold and gold miners are not the worst option, but that is coming from a gold bug who still watches every episode of gold and silver pros no matter how depressing it gets.